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Overview

Applicability

Scrum and Kanban based projects

Definition (Hover Text)

is a prioritization framework Cost of Delay is an indicator that helps a business quantify the economic value gain or loss of completing a project feature sooner as opposed to later.

Source Tools

Jira, Azure Board

Graph type

Line chart

Filters

-

Hover Format on KPI

Month: <<Count>>No. of Epics: <<Count>><<YYYY-MM>>

Cost of Delay: <<Sum of CoD of all planned epics or features>>

Fields on Explore Overlay

  • Project Name

  • Cost of Delay

  • Epic ID

  • Epic Name

  • Epic End date

  • Month

Business Logic

Calculation Formula

It is calculated by adding the following parameters for a an Epic or a Feature

CoD = User-Business Value + Time Criticality + Risk Reduction and/or Opportunity Enablement.

Trend

Higher The higher the CoD for a feature or an Epic, the more valuable it is for the Business or a Projecturgent the feature, epic ,or product is.

Maturity LevelsInstance level thresholds

Not defined
Projects may use absolute figures or relative sizing for User-Business Value,Time Criticality, Risk Reduction and/or Opportunity Enablement fields

Configurations

Processor Fields

NA

Mandatory fields

NA

How to Validate KPI

Suggested ways of workingSample JQLs

Ensure the below field mappings are defined in the Global field mappings for your project

image-20240704-101249.pngImage Added

Best Practices

Quantify Value and Urgency

Clearly define and quantify the value and urgency of each feature or task to calculate CoD effectively.

Use a Framework

Implement frameworks like WSJF (Weighted Shortest Job First) that incorporate CoD to prioritize work effectively.

Balance Short and Long-Term Goals

Ensure that the prioritization process considers both short-term gains and long-term strategic goals.

Benefits of KPI

How does the KPI help

  1. Prioritizes Work: Helps teams focus on high-value tasks to maximize returns.

  2. Reduces Waste: Identifies and eliminates low-value activities, saving resources.

  3. Enhances Decision-Making: Provides data-driven insights for better strategic decisions.

...

Prioritization

CoD helps teams make informed decisions about which features or tasks to prioritize by highlighting the economic impact of delays.

Focus on Value Delivery

By understanding CoD, teams can focus on delivering the most valuable features sooner, maximizing return on investment.

Resource Allocation

Helps in better allocation of resources to tasks that yield the highest economic benefit when delivered early.

Risk Management

Identifies high-risk areas where delays could have significant financial consequences, enabling proactive risk mitigation.

Alignment with Business Goals

Ensures that the team's work aligns with the broader business objectives by prioritizing tasks that contribute most to the organization's goals.